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For the year ended December 31, 2023, Amazon.com, Inc. provides the following information: Item Amount ($) Sales Revenue 500 billion Cost of Goods Sold 300

For the year ended December 31, 2023, Amazon.com, Inc. provides the following information:

Item

Amount ($)

Sales Revenue

500 billion

Cost of Goods Sold

300 billion

Operating Expenses

150 billion

Interest Expense

10 billion

Tax Rate

21%

Required:

  • Prepare an income statement for Amazon.com, Inc. for the year ended December 31, 2023.
  • Calculate the gross profit margin percentage.
  • Determine the net income after taxes.

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